721 W Walnut StPortlandIN47371
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Portland at 721 W Walnut St, Portland, IN, 47371 offers a 10.42% rental yield on a $169,900 purchase with $1,476/mo rent. Total monthly income registers $1,476/mo, and a $832/mo payment leaves $456/mo available for distribution. Annual cash flow reaches $5,468/yr on $56,322 to close, and return on cash invested stands at 29.62% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 154.69% and total cumulative return in cash at $87,122. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,476/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,461 (65.5%) |
| Renter Occupied HU | 1,302 (24.6%) |
| Vacant Housing Units | 524 ( 9.9%) |
| Median Home Value | $140,267 |
| Average Home Value | $207,376 |
Housing Distribution
Address Breakdown
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-15 | Sold | $169,900 |
| 2025-07-11 | Pending sale | $169,900 |
| 2025-07-09 | Listed for sale | $169,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $620.42 | 8.22% | $99,400 | 4.30% |
| 2023-10-13 | $573.30 | -1.77% | $95,300 | 1.71% |
| 2022-10-13 | $583.62 | 14.35% | $93,700 | 6.24% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Traditional
- Building Area: 1,742
- Living Area: 1,742 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: Carpet, Laminate
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: East Jay
- Middle School: Jay County
- High School: Jay County
Listed by: Jerod Clark • Century 21 Advance
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526423
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.